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Fed’s Evan’s: Labor market weaker than unemployment rate suggests

By   || March 9, 2010 at 14:41 GMT
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  • Weak labor markets will keep the Fed sidelined for some time
  • Headwinds from tight credit and spending caution will restrain recovery but abate this year
  • Long way to go before labor makrets back to normal

“Lower for longer” is here to stay, the Chicago Fed president suggests…

He is speaking at the NABE nerd-fest outside Washington…

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